The accused, previously found not criminally responsible for arson, was subject to a detention disposition at a forensic mental health centre.
At his annual review hearing, all parties agreed he continued to pose a significant threat to public safety.
The hospital and Crown sought a continued detention disposition, while the accused sought a conditional discharge.
The Review Board found that the accused's risk could be adequately managed in the community under a conditional discharge, given his recent stability, adherence to medication, full-time employment, and the ability to monitor him closely with conditions including abstention from substances and consent to treatment.